Compound

Introduction

Governor Bravo has been a community effort for the past few months to bring governance to the next stage. This proposal transfers Compound governance to the new Governor Bravo contract. If this proposal is successful, all future Compound governance calls should be sent to Governor Bravo.

Proposal Calls

The first two calls reimburse Compound Labs $27k that was paid to Open Zeppelin for the audit from the cUSDC reserves. The following two calls award COMP bounties to Arr00 and Blurr for organizing and executing the Governor Bravo project. The following call sets Governor Bravo as the pending admin, and the last call initiates Governor Bravo, accepting the Timelock admin.

Governor Bravo Details:

Governor Bravo has been developed by members of the community in the open for the past few months. The new contracts have been fully audited by Open Zeppelin, are fully covered by extensive test suites, have been simulated by forking simulations, and have been running on the kovan testnet.

The new features are as follows:

• Upgradable implementation
• Settable parameters (proposal threshold, voting period, voting delay)
• Abstain vote option
• Optional string voting reason
• Proposer can always cancel their proposal (until execution)
• Removal of the guardian
• Continuous proposal id logic

PS:

To celebrate the alphas who voted on Governor Alpha, we will be releasing a limited edition Compound NFT claimable by anyone who voted meaningfully on Governor Alpha prior to this proposal once Governor Bravo is initiated.

References:

Development forum post Proposal forum post Github PR Open Zeppelin Audit